Cent Kisan Gold Card

Purpose	* To meet all term credit requirements like Farm Mechanization, Land Development, Minor Irrigation, Water Conservation, Horticulture, Allied Activities and other related activities etc .
Eligibility	* Individuals / Joint / Group of Farmers-owner cultivators and Self Help Groups, Joint Liability Groups etc., engaged in agriculture and related activities .
Nature of facility	* Term Loan repayable within 9 years .
Quantum of Loan	* As per plan for investments to be undertaken in the next 2-3 years subject to 5 times of annual income or 50% of value of land to be mortgaged as security with a maximum loan of Rs20 lac.
Margin	UptoRs1.60 Lakh For loans above Rs1.60 Lakh- Small and Marginal Farmers * Other Farmers	NIL 5% 15%
Security	* UptoRs1.60 lac* * Above Rs1.60 lac* * (total amount of loans availed by the borrower)	- Hypothecation of assets created out of bank's finance. - Hypothecation of assets created out of bank's finance and creation of Charge / Mortgage on land valued at least 200% of the loan amount.
Insurance	* Assets created out of loan have to be insured for full value.
Interest Rate	UptoRs3,00,000/- Above Rs3.00 lakh to Rs10.00 lacs Above Rs10.00 lakhs uptoRs.20 lacs	MCLR + 1.35% MCLR + 2.50% MCLR + 3.00%
Processing Charges	* UptoRs25,000/- : Nil . * Above Rs25,000/-: @ Rs120/- per lac or part thereof
Documentation Charges	UptoRs 3 Lakh- NIL Above Rs 3 Lakh/- : 50% of 1.25% (i.e. 0.625%)
Repayment	* In suitable installments coinciding with overall income generation.